European Gas Falls as Supply Concerns Ease on US Plant Restart
- Freeport LNG plant in Texas resumes operations after outage
- Prices decline despite delayed Norway works, Australia strikes
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European natural gas retreated as the restart of a major export terminal in the US eased concerns about supply disruptions from Australia to Norway.
Benchmark futures fell 3.5% on Thursday, erasing earlier gains. The Freeport liquefied natural gas plant in Texas is restarting after an unplanned outage disrupted operations over the past week, people with direct knowledge of the matter said.